| Feb 8, 2011 1:49PM Jeffrey M. Lacker, President of the Federal Reserve Bank of Richmond and a voting member of the FOMC, told a University of Delaware audience that, while the economy is improving and inflation is low, the growth is proceeding at a much slower pace than the country has seen in recessions of the past. This lag, he said, is largely because this time housing is not driving the recovery. The recessions of 1973-1975 and 1981-82 ended with residential investment rising at an average of 40 percent in the... Feb 8, 2011 6:01PM Home loan borrowing costs have extended their losing streak to five days. "Best Execution" mortgage rates didn't move higher today though, just the closing costs associated with those quotes. The "Best Execution" conventional 30 year fixed mortgage rate is still split between 5.125% and 5.25%. If you meet the requirements outlined in the disclaimer below, you should be able to execute a loan commitment at 5.25% with lender credits. 5.125% is on the board in some spots of the country but the permanent...
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